Actuarial Staff - Property and Casualty Insurance

Ernst & Young LLP ( EY India ); Bengaluru; On-site; INR 1,000,000 - 1,600,000; Full time

Job summary

EY GDS is seeking a Staff Actuarial professional to deliver general insurance actuarial solutions globally. You will work with multiple client teams, perform model building, reserving, IFRS/GAAP valuations, and capital analyses, while pursuing actuarial exams.

The role emphasizes learning and long-term advisory excellence within EY’s global network. You will collaborate with senior staff and partners, manage data and deliverables, and contribute to effective stakeholder communication across EY’s

Qualifications

• Knowledge of how insurance works and basics of Actuarial profession
• Ability to multi-task with good analytical skills
• Proficiency in MS-Office Suite; VBA, SAS, R, Python, SQL, SPSS are a plus
• Ability to utilize AI tools to expedite processes and workflows
• Good exam progress consistent with experience
• Bachelor’s degree with emphasis in actuarial science, mathematics, statistics or finance; professional qualification preferred
• Strong written and verbal communication skills for report writing and stakeholder presentations
• Overseas exposure (Australia/UK/US/Europe market experience)
• AI literacy – GenAI knowledge is an added advantage

Responsibilities

• Provide high quality results and solutions while delivering projects
• Manage priorities, communicate status, and report chargeable hours
• Maintain relationships with stakeholders and team members
• Estimate actuarial liability for general insurance lines from data and tool outputs
• Analyze historical claims data to identify issues and trends
• Perform reserves valuation using IBNR models and data provided
• Review methodologies, assumptions and benchmarks against market
• Assess technical provisions and capital calculations
• Update reports/memos for stakeholders and support exams progression
• Develop actuarial subject matter expertise while pursuing professional qualifications

Skills

Insurance basics

Analytical skills

AI tools awareness

Exam progress

Strong communication

Overseas exposure

Education

Actuarial science/math/statistics/finance degree

Tools

MS Office

VBA

SAS

R Programming

Python

SQL

SPSS

Job description

Role name and description

Staff, P&C Actuarial, EY GDS Consulting Global Delivery Services is one of EY's greatest global assets – a network of service delivery centers that provide high-quality services at a competitive cost for all EY’s client serving and enablement teams. Every day, we combine our subject matter expertise with our technology and automation skills to develop new solutions that deliver greater value for EY. If you have a passion for enabling world class actuarial services globally to solve the most complex challenges in the financial services industry, come join our dynamic GDS team!

The opportunity

We are looking for a Staff member to join our General Insurance Actuarial Practice delivering solutions to the leading clients in Insurance Sector, working closely with other Staff/Assistants, Consultants/Seniors, Managers, Senior Managers or Client partners in EY’s global network of insurance sector and consulting professionals. Within our talented and dynamic Actuarial team, the members work on multiple client engagement teams that perform actuarial model building and validations, reserving (actuarial liability estimation), due diligence, premium calculation, valuation analysis for IFRS, GAAP, and Statutory calculations and review, capital/risk modeling and other related actuarial projects for General and Health insurance businesses. The team members also receive on-the-job training to acquire practical experience in addressing business/technical issues and in applying industry knowledge and EY policies/procedures on client engagements. The position is designed to enable the member to pursue actuarial exams while developing the basic skills needed to be a successful actuarial consultant, combining both excellent learning and career opportunities. Our growing team of professionals come from a diverse background, all committed to being long term trusted advisors to our clients.

Your key responsibilities

• Be responsible for providing high quality results and generating effective solutions working along with Seniors, Managers or Senior Managers in delivering the project
• Establish/manage priorities, communicate the status of activities, and accumulate/report all chargeable hours
• Maintain/develop productive working relationships with stakeholders and other team members
• Estimate actuarial liability for general insurance lines of business which involves data preparation, data loading to tools, analysis of liabilities and presenting results
• Analyze the historical claims data and identify potential issues and trends and report the findings
• Perform valuation of reserves through IBNR model using the data supplied for estimation
• Review data, methodologies, assumptions, results and benchmark against the market
• Assessment of technical provisions and standard formula/ other capital calculations
• Large loss analysis, rating factor analysis and CAT benchmarking
• Updating the report/memo sent to stakeholders showing results of the analysis
• Maintain strong focus in finishing Actuarial exams along with developing a strong subject matter expertise

Skills and attributes for success

Skills and attributes for a successful career at EY require a learning mindset and passion to add value to GDS, member firms and client organizations. Bright and enthusiastic individuals who give their all to each assignment they work on will find themselves at home within our energetic GDS actuarial team.

To qualify for the role, you must have

• Knowledge of how insurance works and basics of Actuarial profession
• Ability to multi-task and flexible work attitude packed with good analytical skills
• Proficiency in MS-Office Suite, VBA, SAS, R Programming, Python, SQL, SPSS, etc., will be a plus
• Ability to utilize AI tools to expedite current processes and workflows
• Good exam progress consistent with experience
• Ideally, you’ll also have Strong academic background with a bachelor’s degree with an emphasis in actuarial science, mathematics, statistics or finance related supplemented ideally with a professional qualification
• Strong written and verbal communication skills for report writing, industry studies and stakeholder presentations
• Overseas exposure (especially Australia/UK/US/Europe market experience)
• AI Literacy – Good knowledge on GenAI, Agentic AI would be an added advantage

What we look for

• Strong foundational understanding of actuarial concepts acquired through actuarial examinations, with the ability to apply these concepts to practical business and insurance scenarios.
• knowledge and experience of the insurance industry and/or consulting.
• Up to date knowledge of the regulatory environment impacting insurers and other financial service organizations
• Experience of supporting teams to high quality timely delivery, actively building relationships and promoting a collaborative culture when working with colleagues

We offer

EY Global Delivery Services (GDS) is a dynamic and truly global delivery network. We work across six locations – Argentina, China, India, the Philippines, Poland and the UK – and with teams from all EY service lines, geographies and sectors, playing a vital role in the delivery of the EY growth strategy. From accountants to coders to advisory consultants, we offer a wide variety of fulfilling career opportunities that span all business disciplines. In GDS, you will collaborate with EY teams on exciting projects and work with well-known brands from across the globe. We’ll introduce you to an ever-expanding ecosystem of people, learning, skills and insights that will stay with you throughout your career.

Continuous learning

You’ll develop the mindset and skills to navigate whatever comes next.

Success as defined by you

We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.

Transformative leadership

We’ll give you the insights, coaching and confidence to be the leader the world needs.

Diverse and inclusive culture

You’ll be embraced for who you are and empowered to use your voice to help others find theirs.

EY | Building a better working world

EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.